Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

WELL Health Technologies Corp T.WELL

Alternate Symbol(s):  WHTCF | T.WELL.DB

WELL Health Technologies Corp. is a Canada-based practitioner-focused digital healthcare company. Its healthcare and digital platform includes extensive front and back-office management software applications that help physicians run and secure their practices. Its business units include Canadian Patient Services, WELL Health USA Patient and Provider Services, and SaaS and Technology Services. Its solutions enable more than 38,000 healthcare providers between the United States and Canada and power owned and operated healthcare ecosystem in Canada with over 200 clinics supporting primary care, specialized care, and diagnostic services. In the United States its solutions are focused on specialized markets such as the gastrointestinal market, women's health, primary care, and mental health. WELL Health USA Patient and Provider Services consists of four assets: CRH Medical, Provider Staffing, Circle Medical and Wisp. It provides cybersecurity protection and patient data privacy solutions.


TSX:WELL - Post by User

Post by speedy99on Mar 11, 2021 7:49am
175 Views
Post# 32770458

the sector

the sector
In a  Motley Fool article yesterday, there were some interesting comments about Teledoc's ambitions.

https://www.fool.com/investing/2021/03/10/3-top-stocks-to-buy-during-this-market-crash/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

See that it is hoping to improve its market share in Canada, Australia and New Zealand.  So keep you eye on Teledoc as a potential competitor, collaborator or perhaps even acquirer. 

What is striking in this sector is that provincial and national boundaries are falling away.  Any company now can have the entire world population for its customers.  When I grew up health care was a strictly provincial (Ontario) matter.  Those days are gone.

Teledoc has a market cap of 28 billion, whereas Well is 1.3 billion, so it dwarfs Well in size.  It is certainly a leader in the sector and its revenues are increasing year over year at a dramatic rate.   At the other end of the spectrum there are a raft of IPOs coming on board with health care tech success stories.  One such story to keep your eye on is Dialogue from Montreal, which will be launching an IPO which values the company at 500 mill.

Exciting times indeed.  Glad to be part of it all.


2. Teladoc

Teladoc is a leading tele-consultation platform that doubled its revenue last year to an all-time high of $1.09 billion. It saw as many as 12.7 million virtual visits with physicians in 2020, representing a staggering 206% increase over 2019. The company is looking to become a one-stop virtual shop for all healthcare needs, from telepsychiatry to filling prescriptions to managing chronic conditions like hypertension.

This year, it expects to further increase its revenue to upwards of $2 billion. Teladoc also seeks to improve its market share internationally, especially in Canada, Australia, and New Zealand. At the end of the day, 16 times revenue is not a bad price to pay for a company on its way to double its sales again this year, and I don't think that investors interested in healthcare stocks could do wrong by adding it to their portfolios.

<< Previous
Bullboard Posts
Next >>